The Africa Export Import Bank, is investing 50 million dollars, about 18 billion naria investment/centre under its Quality Assurance Facility in Imo State, that will make the State, the biggest investment hub, in the South East and South South regions in Nigeria.
The Bank is setting up an Africa Quality Assurance Centre (AQAC) in the State, for the entire South East and South South regions in Nigeria.
According to a statement by Chibuike Onyeukwu, Chief Press Secretary to Imo State Governor, Hon.Emeka Ihedioha, “the centre will provide certification and inspection services for various products for exports from Imo State and other parts of the region to the international market”
Part of the statement reads “The centre, which is the first of its kind in the entire South East and South South regions, is an indication of the responses of the investment drive of the governor as well as the remarkable improvement on the Ease of Doing Business rating of Imo State”
“It will also provide capacity building to industralists, make Imo State a business hub, and more importantly, provide employment opportunities and boost economic development of Imo State”
“The Centre is a reflection of the efforts of Governor Ihedioha to restore confidence of investors and development partners in Imo State as an investment destination”
“Governor Ihedioha had embarked on a Trade and Investment working visit to the Annual General Meeting of the AfriExim Bank, held in Moscow from June 20th- 22nd, 2029.
The meeting was a melting point for international fund custodians, fund managers, investors and multi lateral finance agencies” the statement concluded